Brilliance Asset Management Ltd. Purchases 196,380 Shares of Amer Sports, Inc. (NYSE:AS)

Brilliance Asset Management Ltd. increased its position in shares of Amer Sports, Inc. (NYSE:AS) by 5.1% in the fourth quarter, HoldingsChannel.com reports. The firm owned 4,073,061 shares of the company’s stock after acquiring an additional 196,380 shares during the quarter. Amer Sports comprises 25.7% of Brilliance Asset Management Ltd.’s holdings, making the stock its largest position. Brilliance Asset Management Ltd.’s holdings in Amer Sports were worth $113,883,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. GAMMA Investing LLC boosted its holdings in Amer Sports by 61.8% in the fourth quarter. GAMMA Investing LLC now owns 1,942 shares of the company’s stock valued at $54,000 after purchasing an additional 742 shares in the last quarter. West Branch Capital LLC lifted its position in shares of Amer Sports by 14,285.7% during the 4th quarter. West Branch Capital LLC now owns 1,007 shares of the company’s stock worth $28,000 after buying an additional 1,000 shares during the last quarter. Signaturefd LLC boosted its holdings in shares of Amer Sports by 35.0% in the 4th quarter. Signaturefd LLC now owns 4,136 shares of the company’s stock valued at $116,000 after buying an additional 1,073 shares in the last quarter. Kieckhefer Group LLC purchased a new position in shares of Amer Sports in the 4th quarter valued at $42,000. Finally, JPMorgan Chase & Co. acquired a new stake in Amer Sports during the 3rd quarter worth $25,000. Hedge funds and other institutional investors own 40.25% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. Evercore ISI upped their price objective on shares of Amer Sports from $26.00 to $30.00 and gave the company an “outperform” rating in a research note on Thursday, December 12th. HSBC cut Amer Sports from a “buy” rating to a “hold” rating and set a $30.00 target price for the company. in a research report on Monday, December 16th. Citigroup boosted their price objective on Amer Sports from $24.00 to $36.00 and gave the company a “buy” rating in a research note on Wednesday, January 8th. JPMorgan Chase & Co. increased their price objective on Amer Sports from $33.00 to $34.00 and gave the company an “overweight” rating in a report on Wednesday, February 26th. Finally, Sanford C. Bernstein began coverage on shares of Amer Sports in a report on Thursday, February 13th. They issued an “outperform” rating and a $38.00 target price on the stock. Four research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $32.64.

Amer Sports Stock Performance

NYSE:AS opened at $28.01 on Thursday. The firm has a market cap of $15.51 billion and a price-to-earnings ratio of -200.04. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.62 and a quick ratio of 0.77. Amer Sports, Inc. has a 1-year low of $10.11 and a 1-year high of $34.00. The firm’s fifty day moving average price is $29.76 and its 200 day moving average price is $24.59.

Amer Sports (NYSE:AS) last issued its earnings results on Tuesday, February 25th. The company reported $0.17 earnings per share for the quarter, meeting the consensus estimate of $0.17. The business had revenue of $1.64 billion for the quarter, compared to the consensus estimate of $1.60 billion. Amer Sports had a negative net margin of 0.74% and a positive return on equity of 3.15%. The company’s revenue was up 23.2% on a year-over-year basis. On average, sell-side analysts expect that Amer Sports, Inc. will post 0.46 EPS for the current year.

Amer Sports Company Profile

Amer Sports, Inc designs, manufactures, markets, distributes, and sells sports equipment, apparel, footwear, and accessories in Europe, the Middle East, Africa, the Americas, China, and the Asia Pacific. It operates through three segments: Technical Apparel, Outdoor Performance, and Ball & Racquet Sports.